These trends reflect profound shifts in how consumers behave, how platforms operate, and how marketers integrate strategy and ...

Meta Cuts Metaverse Spending as Mark Zuckerberg Redirects Facebook’s Future Toward AI Growth - Will There be Layoffs? Mark Zuckerberg Instagram Shockingly, Meta head Mark Zuckerberg is preparing to ...

Meta is reportedly planning steep cuts to its metaverse division, according to Bloomberg. This is happening just a few years after the company changed its name from Facebook to reflect its renewed ...

In October 2021, Facebook CEO Mark Zuckerberg revealed that his social media empire was officially rebranding itself as “Meta” as part of a sweeping company-wide doubling down on virtual reality tech.

Forbes contributors publish independent expert analyses and insights. Cortney Harding is an expert in VR, AI, and the future of work. Just under three years later, Bloomberg is reporting that Meta ...

Bottom line: After burning tens of billions and stubbornly insisting the metaverse would eventually justify the cost, Mark Zuckerberg appears to be backing away from his most ambitious project. Once ...

Reality Labs division has burned over $60 billion since 2020 The company has committed as much as $72 billion in capital spending this year Meta shares rise 4% Dec 4 (Reuters) - Meta (META.O), opens ...

In 2021, Mark Zuckerberg recast Facebook as Meta and declared the metaverse—a digital realm where people would work, socialize, and spend much of their lives—the company’s next great frontier. He ...

Meta is shifting some of its investments in the metaverse to AI glasses and wearables, hoping to capitalise on the "momentum" in that segment, a company spokesperson has said. Over recent years, Meta ...

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for ...